BAKHTYAR Topic: Does a business have any social obligation beyond profit motive? Sources Used: Arthur Miller‚ All My Sons‚ Ferdinand Tonnies‚ The Argument The Ethics of Business‚ The Economist Profit Motive‚ The Guardian Consideration of social responsibility is an important concern for the successful operation of a business. A business can be structured with the sole intention of maximizing profit‚ or it can be structured in a way in which social obligation beyond profit is considered. The
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Ethical Issues in Today’s Society Judith Berryan Ethics Introduction To agree or disagree with today’s ethical issues one must have morals‚ values and ethics of their own. For instance‚ abortion is a highly controversial topic. I for one do not believe in abortion‚ but can understand it in some circumstances. Abortion is defined as any expulsion of an embryo or fetus before it is sufficiently developed to survive. (www.yourdictionary.com) Although abortion can be tracked way back in time
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people. It would not be possible to decide who is right or wrong when a conflict arises‚ but it is our moral responsibility to resolve the dilemmas to the best of our ability. This paper is going to explore the topic of ethical decision-making and establish ground rules for the process and analyze possible ethical implications that may arise. What are the ground rules? Making an ethical decision‚ at times‚ can be extremely difficult‚ as emotions tend to hinder ones judgment. For example‚ if a husband
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Ethical issues in business Ethical issues arising from the nature of markets - The 18th Century economist Adam Smith demonstrated how in a free market the self interest of producers and consumers will produce an outcome desirable to all concerned - But the market can also lead to inequality of income‚ wealth and market power: * Monopoly suppliers can exploit consumers * Monophony buyers can exploit supply firms * World wide inequality of income can result in unethical practices such
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1. Ethical behaviour (20 marks) a. Discuss ethical issues that impact on Cirque du Soleil as an organisation. Your discussion must consider at least TWO conflicting viewpoints on ethical behaviour. The Organisational structure of Cirque du Soleil is based on recognizing the value of the performers. The artists are recognised as representing the value of the Company. They ensure that the organizations values are reflected in all its business and management decisions. Cirque
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Ethical Theories Utilitarianism Utilitarianism is most often associated with Jeremy Bentham (1748-1832) and John Stuart Mill (1806-1873). According to utilitarianism principle‚ a decision is ethical if it provides the greater utility than any other alternative decision. Thus the decision maker must evaluate each decision alternative‚ and then select the one that yields the greatest net utility (Fritzsche‚ 1997). There two types of utilitarianism‚ act and rule. Individual decisions are evaluated
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“Resolving Ethical Business Challenges” SUMMARY: Peter had been a human resource (HR) manager for 18 years and vice president for 2 more years for Zyedego Corporation‚ a small company in New Orleans. In the last decade‚ there have been many changes to what potential/actual employees can be asked and what constitutes fair and equitable treatment. Frankly‚ the situation Peter was in was partly his own fault. The first issue began when Gwyn‚ one of Peter’s HR managers‚ was planning on rehiring
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Ethical Dilemma International OB: Managing across Cultures. 3M tries to make a difference Russia Should 3M export its American ethical standards to Russia? 1. If 3M doesn’t like the way things are done in Russia‚ it shouldn’t do business there. Explain your rationale. I do not agree with this statement. From my marketing perspective‚ it is a challenge of 3M in order to go worldwide‚ and this is a challenge they should take. Russia is booming in oil and gas‚ mining‚ construction‚ IT‚ retail
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Assignment 6.2 Employees as Internal Customers In recent years‚ m any employers and employees have been faced with a horrid economic downturn. Many employees have been laid-off‚ demoted and a slew of other horrible issues. Many employers let go of average employees and retained the high-performers. What seems to be the norm nowadays is to pinch every penny and never give more than what is necessary. This leads to employers devaluing their employees and making high performers feel inadequate and
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also define the cultural issue within the global organization as well as provide an analysis of the ethical and social responsibility issues that the organization must deal with as a result of being a global organization. The analysis will identify ethical perspectives in the global organization and it will compare these ethical perspectives across cultures involved in the global organization. Ethical Perspectives Paper Due to many strict regulations placed on corporations by the United States
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